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Renewed Consolidation Likely For Thai Stock Market

Emerging MarketsMarket Technicals & FlowsInvestor Sentiment & Positioning

The Thai stock market rebounded on Friday after a one-day pause in a two-day rally that had added more than 35 points (about 2.5%). The Stock Exchange of Thailand sits just above the 1,430-point level, but the note warns the market may give back those gains, suggesting near-term caution for positioning in Thai equities.

Analysis

The Thai stock market rebounded on Friday after a one-day pause in a two-day rally that had added more than 35 points (about 2.5%). The Stock Exchange of Thailand sits just above the 1,430-point level, but the note warns the market may give back those gains, suggesting near-term caution for positioning in Thai equities.

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